Malta has made significant changes to its Permanent Residency program and has launched a new and improved program last year, which is now known as MPRP.
The new Malta Permanent Residence Program (MPRP) came into force on the 29th March 2021. Amongst the many changes, the new regulations replace the Malta Residence and Visa Agency with the Residency Malta Agency and the modifications include changes to the qualifying investment.
In this article, we’ll delve into how the Malta MPRP changes 2021 will affect you and your residence planning needs in Malta.
What are the main changes to the qualifying investment under the new Malta Permanent Residence Programme (MPRP) regulations?
Under the new Malta Permanent Residence Program (MPRP) regulations, successful applicants will need to:
- Hold qualifying property, which can be either purchased or rented.
- Purchased property: property value must be a minimum of EUR 350,000 for a property situated in Malta or EUR 300,000 for a property situated in Gozo, or the south of Malta.
- Rented property: the lease value will need to be for a minimum of EUR 12,000 per year for a property situated in Malta or EUR 10,000 for a property that is situated in Gozo or the south of Malta.
- Make a government contribution. The amount of this will depend on if the qualifying property is purchased or rented.
- Purchased property: contribution of EUR 28,000, plus EUR 7,500 for every parent or grandparent of the principal applicant or spouse.
- Rented property: contribution of EUR 58,000, plus EUR 7,500 for every parent or grandparent of the principal applicant or spouse.
- Make a donation of EUR 2,000 to a local non-governmental company of your choice that is registered with the Commissioner for Voluntary Organisation, or otherwise approved by the Agency.
Who can apply for the new Malta Permanent Residence Programme (MPRP) regulations?
Under the Malta MPRP changes, as with the previous program regulations, only third-country nationals can apply for residence under the new Malta MPRP program (i.e. individuals that are not citizens of the European Union, EEA, or Swiss nationals).
Qualifying dependents are:
- The primary applicant’s spouse.
- Children of the primary applicant and/or his spouse, including adopted children, up to the age of 18 years old.
- Children over the age of 18 years old who are unmarried and principally dependent on the primary applicant.
- Parents or grandparents of the principal applicant or of his spouse, who are financially dependent.
- Disabled adult children of the principal applicant or spouse.
Are there any other requirements to be granted with residence under the Malta Permanent Residence Programme regulations?
Applications will need to be submitted by an Approved Agent who will need to perform Tier 1 Due Diligence checks, and provide evidence to show to the Residency Malta Agency that the applicants are “fit and proper” persons.
In addition to fulfilling the required qualifying investment, applicants must have:
- Regular resources that are sufficient to maintain themselves without the need to depend on the social assistance system in Malta.
- Sickness insurance policy.
- Assets with a minimum value of no less than EUR 500,000, from which a minimum of EUR 150,000 needs to be in financial assets.
A normal application is submitted to the Residency Malta Agency. Alongside this, a due diligence check will be carried out.
Can applications be rejected under the Malta Permanent Residence Programme regulations?
Applications to the MPRP undergo a very thorough due diligence and background check. Applicants that do not meet the minimum qualifying criteria will not be approved. Rejection cases are as follows:
- The primary applicant and/or his dependents shall not have had a previous application for a certificate or an application for Maltese citizenship refused.
- The primary applicant or his dependents need to have a clean criminal record.
- The primary applicant or his dependents, shall not have pending charges or be found guilty of the following: terrorism crimes, money laundering, funding of terrorism, crimes against humanity, war crimes, crimes that infringe upon the Protection of Human Rights and Fundamental Freedoms, as established by the European Convention on Human Rights.
- The principal applicant or any dependents have been found guilty or had charges brought against him or her regarding the following criminal offenses: pedophilia, defilement of minors, rape, violent indecent assault, inducing persons under age to prostitution, or abduction.
- The application is rejected if the applicant is listed in individual sanctions applying restrictive measures that the Agency is bound to or has opted to follow.
Further relevant information
The following article may also prove useful for individuals interested in the Malta MPRP changes: